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Property Sales - 41697934 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41697934
City of Cleveland, USA
04 Oct 2023
£ 466,988 / € 533,469 / $ 549,900

Short Description

Four bedroom multi unit and retail space for only $549,900..

Key Information

  • Property ID: 41697934
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 466,988 / € 533,469 / $ 549,900

Full Description

This fantastic opportunity to purchase a large brick built property located in Cleveland Heights
which is arguably one of the nicest suburbs in Cleveland.
The property consists of four one bedroom apartments on the first floor that have all been
recently refurbished, also two spacious commercial storefront units on the ground floor. All
four apartments plus the commercial units have tenants in place. The total monthly rental
income is $5,325
The current market rent for each unit is closer to $950 to $1,000 each month.
Situated “up the hill” from University Circle, one of the largest employment centres in
Northeast Ohio, Cleveland Heights is one of the most desirable suburbs for buyers and renters
alike. Cleveland Heights has many galleries, performing arts and live music venues. This neareast neighbourhood dishes up fat slices of the American Dream, with beautiful old homes on
tree-lined streets within close proximity to thriving commercial strips, parks, schools, libraries
and public transportation. A great place to invest with potential huge future capital
appreciation.

Investment Calculations
Purchase price
$549,900
Gross annual rental income:
$63,900
Property running costs:(Tax, insurance and management costs)
$27,190
Net annual rental income:
$36,710
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

9%

Break even in

11,1 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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